1. Scorpio Tankers and where next for the products market?
The central questions being asked by analysts, and presumably by investors, concern the overall market dynamic- will demand pick up along with ongoing economic recoveries, and- until the tide turns, will the listed companies be able to stay afloat financially during the doldrums? The recent cyber incident which prompted the Colonial Pipeline to shut down might provide upward fuel for the products trades, albeit briefly until the pipeline comes back online, and impact is yet to be determined. https://www.seatrade-maritime.com/tankers/scorpio-tankers-and-where-next-products-market
2. Ardmore Shipping announces new Vice-President of Corporate Services
Ardmore Shipping is pleased to announce long-standing team member Aideen O’Driscoll has been promoted to Vice-President of Corporate Services. As part of a restructure to Ardmore’s senior management team, the Corporate Services department will now include oversight of human resources, legal, office management and project management. https://cyprusshippingnews.com/2021/05/11/ardmore-shipping-announces-new-vice-president-of-corporate-services/
3. Singapore halts crew changes for seafarers with recent travel to India resulting huge impact on the relief of the seafarers onboard the vessels
Shipping companies will face immediate delays in crew changes and the resulting financial costs, while the situation could worsen with more countries expected to follow Singapore’s suit, according to industry experts. They also warned of mental fatigue, frustration, and depression to be experienced by the crew onboard. https://cyprusshippingnews.com/2021/05/11/singapore-halts-crew-changes-for-seafarers-with-recent-travel-to-india-with-huge-impact-on-the-relief-of-the-seafarers-onboard-the-vessels/
4. Precautionary measures in Seaport stepped up
MThe Maritime and Port Authority of Singapore (MPA) is working with the Ministry of Health (MOH) and port operator PSA Singapore, on additional precautionary measures at the seaport. Over the past ten days, four workers at the seaport facilities have been detected to be infected with COVID-19. On 1 May 2021, MOH announced that two vaccinated lashing workers who worked in Pasir Panjang Terminal and stayed in the dormitories at Pasir Panjang Residence, had tested positive for COVID-19 during rostered routine testing and the subsequent contact tracing exercise. Both were asymptomatic.
5. Successful processing of Suez Armada
The Suez Armada is as good as processed. We are proud of how well Rotterdam addressed this, but things remain very busy and challenging at the terminals.’ With this notification, the Suez consultation between various sector organisations was disbanded this week. This consultative panel was established to support the terminals in processing the 64 container ships en route to Rotterdam that were delayed when the Suez Canal was blocked after the Ever Given ran aground on 23 March. 54 vessels have now been processed, three vessels were cancelled, two are currently being processed in Rotterdam, one is at anchor and four are en route. Among these four is the Ever Given, which has been seized by the Egyptian authorities in the canal’s Great Bitter Lake. https://cyprusshippingnews.com/2021/05/11/successful-processing-of-suez-armada/
6. Colonial Pipeline CEO Privately Warns States of Fuel Shortages
The leader of the company whose fuel pipeline was paralyzed by a cyber attack warned state officials in a private meeting Monday that supply shortages could occur even as it plans to reopen the line later this week, according to a person familiar with the discussion.
7. U.S. Coast Guard Ship Fires Warning Shots in Latest Encounter with Iranian vessels
A U.S. Coast Guard ship fired about 30 warning shots after 13 vessels from Iran’s Islamic Revolutionary Guard Corps Navy (IRGCN) came close to it and other American Navy vessels in the Strait of Hormuz, the Pentagon said on Monday.
This is the second time within the last month that U.S. military vessels have had to fire warning shots because of what they said was unsafe behavior by Iranian vessels in the region, after a relative lull in such interactions over the past year. https://gcaptain.com/u-s-coast-guard-ship-fires-warning-shots-in-latest-encounter-with-iranian-vessels/
8. Keppel Shipyard bags $2.3bn Petrobras FPSO project
The P-78 will be a newbuild FPSO with 180,000 barrels of oil per day (bpd), 7.2m cu metres of gas per day and a storage capacity of 2m barrels of oil. The topside modules of the FPSO will be fabricated at Keppel’s yards in Singapore, China and Brazil, while the 85,000 tonne hull and living quarters will be built by Hyundai Heavy Industries (HHI) in South Korea. Keppel will undertake the integration and commissioning works for the FPSO. https://www.seatrade-maritime.com/offshore/keppel-shipyard-bags-23bn-petrobras-fpso-project
9. After Containers, Dry Bulk Shipping Is Red Hot Now
The Baltic Dry Index or BDI, London-based Baltic Alternate’s foremost sea freight index that tracks charges to ship dry bulk commodities, rose essentially the most in over ten years on Wednesday lifting the spirits of dry bulk ship homeowners who’ve been envious of the spectacular experience of container ship homeowners over the past couple of months. On Wednesday, the BDI which tracks charges for capesize, panamax and supramax vessels rose 109 factors or 3.5 per cent to three,266 factors, its highest since June 2010. https://www.shippingtribune.com/news/shipping/After+containers%2C+dry+bulk+shipping+is+red+hot+now
10. India’s COVID-19 Surge To Unleash Drastic Disruptions In Maritime Industry: Sources
The ongoing second wave of the deadly coronavirus pandemic in India is expected to snowball into a major disruptor for the shipping and logistics industry as several ports globally are shunning ships which have called at any location along the South Asian coastline. Bunkering operations could also come in the ambit of this catastrophic wave that has engulfed India, although no major disruptions have been noted yet as demand has been lackluster, bunker industry sources said. https://www.shippingtribune.com/news/shipping/India’s+COVID-19+surge+to+unleash+drastic+disruptions+in+maritime+industry%3A+sources